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American Creek Reports That Tudor Has Discovered a New Gold Zone at Treaty Creek: 110 M of 0.909 g/t Gold, Upper 316 M of Hole Yet to Be Assayed $AMK.ca

Posted by AGORACOM-JC at 9:09 AM on Wednesday, October 12th, 2016

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  • Tudor Gold Corp. has discovered a new gold zone at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project
  • From 316m to 426m, a 110m interval averaged 0.909 g/t gold
  • Below 426m gold values drop off with some higher-grade exceptions, the two most prominent of which are 456 to 484m, a 28m interval running 0.665 g/t gold and from 598 to 610m

CARDSTON, ALBERTA–(Oct. 12, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that Tudor Gold Corp. (“Tudor”) has discovered a new gold zone at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project and in the same region as Pretivm’s Brucejack project.

The new gold zone was intersected in the third hole (CB-16-03) of the 2016 drilling program and is located approximately 870 meters northeast of the Copper Belle zone (drilled in 2007 and 2009). The hole was drilled into a target identified by the magnetotelluric survey (MT survey) which was completed earlier in the 2016 field season.

The first 316m of this third hole is still in the assay laboratory with results for this interval expected within the next weeks. Assays from 316m to the end of the hole at 717.7m have been received. From 316m to 426m, a 110m interval averaged 0.909 g/t gold. Below 426m gold values drop off with some higher-grade exceptions, the two most prominent of which are 456 to 484m, a 28m interval running 0.665 g/t gold and from 598 to 610m, a 12m interval running 1.258 g/t gold. This hole was drilled at an azimuth of 292° and an inclination of -73°.

Assays have also been received for the first two holes drilled in the 2016 program. The first of these, CB-16-01, was a follow-up of a 2009 drill hole, CB-09-14, which returned 241m averaging 0.8 g/t gold. Both the 2009 and 2016 holes were drilled in a northwesterly direction from the same site, with CB-09-14 being inclined at -70° and CB-16-01 at -60°.

Hole CB-16-01 showed an extension of the known gold mineralization discovered on the Copper Belle in 2009. It returned the following assays to a final depth of 555 meters: from 110 to 320m, a 210m interval grading 0.449 g/t gold, including, from 144 to 154m, a 10m interval grading 1.857 g/t gold. Below 320m depth gold values dropped off with some isolated highs as follows: from 442 to 452m, a 10m interval averaging 1.478 g/t gold and from 542 to 555m, a 13m interval averaging 0.846 g/t gold.

Previous 2009 drilling by American Creek in this area of the Copper Belle zone returned intersections with similar lengths, grades and depths including CB-09-11 which carried 229m of 0.52 g/t gold from 40m to 270 m, CB-09-10 which carried 212m of 0.47 g/t gold from 119m to 331 m and CB-09-06 which carried 65.3m of 0.84 g/t gold.

The second hole of 2016, Hole CB-16-02, was drilled 340m to the north of CB-16-01 at an azimuth of 046° and an inclination of -72. This hole was drilled to 426m and encountered two gold-bearing sections: from 202 to 240m, a 38m interval averaging 0.516 g/t gold and from 306 to 426m, a 120m interval averaging 0.517 g/t gold.

Darren Blaney, American Creek CEO stated: “We are very pleased with what Tudor has accomplished in discovering this new gold zone. It is very significant in that this hole is located almost a kilometer from the 2009 Copper Belle discovery hole. The area of gold mineralization is clearly much, much larger than previous work has shown. This new discovery also confirms that the MT survey accurately identifies targets at Treaty Creek like it has for Seabridge and Pretivm on their respective KSM and Brucejack projects to the south in which the same MT survey technology was utilized.”

The Treaty Creek project is a joint venture with American Creek holding a 20% fully carried interest to production. Tudor is the operator and holds a 60% interest with Teuton Resources Corp. holding the remaining 20% carried interest.

James Hutter, P.Geo., is the Qualified Person as defined by National Instrument 43-101 for the 2016 Treaty Creek project and the results reported by Tudor.

About American Creek

American Creek is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold and silver properties within the Province of British Columbia, Canada.

In addition to the Treaty Creek project, the Corporation holds interests in the following properties:

Electrum property

The Electrum property is also located in the “Golden Triangle” approximately 45 km north of Stewart between Pretivm’s Brucejack gold deposit located 25 km to the north and the past producing Premier gold mine 20 km to the south. The Electrum shares similar geology to both the Brucejack and the Premier. The project is a JV between operator Tudor (60%) and American Creek (40%).

Tudor recently concluded a diamond drilling and blast trenching program. Initial trenching results reported by Tudor on Sept 12, 2016 included silver grades up to 30,200 g/t within the New Blast vein system. Further results from the drilling and trenching are expected this fall.

Gold Hill property

American Creek holds a 100% interest in the Gold Hill property located east of Fort Steele, BC in the Boulder Creek watershed. The Wildhorse River, to which Boulder Creek is a headwater tributary, is the site of one of Canada’s biggest historic gold rushes with approximately 42 tonnes of placer gold reportedly being recovered from the Wildhorse below the confluence of Boulder Creek.

A field mapping and geochemical sampling program is currently being conducted on the property. Work also included a magnetic survey that was recently completed in the area known as the Big Chief where several historic adits were driven into high grade gold veins.

Austruck-Bonanza property

American Creek holds a 100% interest in the Austruck-Bonanza property located approximately 50 km north of Kamloops. The property is immediately adjacent to WestKam Gold Corp.’s Bonaparte Project and is within 100 meters of the Bonaparte pit where in 1994, a 3,425 ton bulk sample averaging 26 g/t gold was taken. In July of 2016, WestKam reportedly began a 10,000 tonne bulk sample program to further test other near-surface high grade gold veins.

A field program consisting of geochemical sampling, mapping and magnetic surveying is currently underway on the property.

American Creek also holds interests in the Glitter King, Silver Side, Red Tusk, D1-McBride and Ample Goldmax properties.

Information relating to the Corporation is available on its website at www.americancreek.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

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Namaste Announces Increase to Non-Brokered Private Placement $N.ca

Posted by AGORACOM-JC at 8:43 AM on Wednesday, October 12th, 2016

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  • Company has increased the offering to up to 25,000,000 units (“Units”) of the Company for gross proceeds of $3,000,000
  • Additional capital will be utilized to fund inventory expansion as the Company enters into the holiday season
  • Non-brokered private placement financing of Units of the Company is at a price of $0.12 per Unit, with each Unit being comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant

VANCOUVER, BRITISH COLUMBIA–(Oct. 12, 2016) – Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(FRANKFURT:M5BQ) announces an increase to its non-brokered private placement as press released on October 5, 2016. The Company has increased the offering to up to 25,000,000 units (“Units”) of the Company for gross proceeds of $3,000,000. The additional capital will be utilized to fund inventory expansion as the Company enters into the holiday season. The non-brokered private placement financing of Units of the Company is at a price of $0.12 per Unit, with each Unit being comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (a “Warrant”), with each full Warrant being exercisable for one Common Share at an exercise price of $0.20 per Common Share for a period of 24 months.

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors

Sean Dollinger, Chief Executive Officer

Further information on the Company and its products can be accessed through the links below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.co.uk

www.vaporseller.com

FORWARD LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors 5 discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.

Namaste Technologies Inc.
Sean Dollinger
Chief Executive Officer
Direct: +1 (786) 389 9771
[email protected]

 

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Explor Announces Kidd Township Property Diamond Drilling Results $EXS.ca

Posted by AGORACOM-JC at 12:43 PM on Tuesday, October 11th, 2016

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  • Announced the Diamond Drilling results on the Kidd Township Property
  • So encouraged by the initial results of the 3000 meter program that it decided to more than double the diamond drilling program planned to 7275.7 meters.
  • Intersected many of the ore bearing lithological units and marker horizons as within the Kidd Creek Mine.
  • Intersection of 4024 & 15,500 ppm Zn (over 1.1 & 1.0 meters respectively) within cherty tuffs and cherty-exhalite was very encouraging and suggests that both claim blocks may host a Kidd Creek Style Copper- Zinc deposit

ROUYN-NORANDA, QUÉBEC–(Oct. 11, 2016) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the Diamond Drilling results on the Kidd Township Property. The Corporation’s Kidd Township Group of Properties are located to the North, South, West and East of the Glencore Kidd Creek Mine, located approximately 20 km north of Timmins, Ontario. Explor’s Kidd Township’s Group of Properties have a land position that covers an area of approximately 2,805.20 hectares. The most obvious topographical feature in the area is the Glencore Kidd Creek open pit mine, located in the central portion of Explor’s Kidd Township group of Properties. Explor was so encouraged by the initial results of the 3000 meter program that it decided to more than double the diamond drilling program planned to 7275.7 meters. Explor drilled seven holes & two wedges on three claim blocks, one being in Carnegie Township, northeast of the mine and the other two blocks drilled in Kidd Township, southwest of the mine.

The property is located in a Greenstone Belt composed mainly of sequences of Meta-Volcanic rocks cut by faults and deformation zones that lie in a NW-SE direction. There are many suites of Mafic Volcanic rocks as well. Excellent access to the property is provided by Hwy 655.

Exploration drilling completed by Explor to date has revealed Major Fault Structures running to the west and east of the Glencore Kidd Creek Mine in a NW-SE direction. A thorough review of all existing geophysical data appears to support these findings. Drilling by Falconbridge in 1998 to the southwest of the Glencore Kidd Creek Mine (Hole # K26-01) returned 4.7m in which 4 of the 5 samples returned Zinc values from 4200 – 8900 ppm and Copper values that ranged from 700 – 2280 ppm.

Holes KC-16-01, KC-16-02 and KC-16-05 were drilled in Kidd Township to intersect magnetic highs and fold structures approximately 3 kilometers south and south east of the Kidd Creek Mine. Holes 01, 02 and 05 were very encouraging as they intersected mostly graphitic argillite and felsic lapilli tuffs which are very important zinc-copper ore bearing rocks and marker horizons within the Kidd Creek Mine. Several samples returned anomalous Zinc values from 109 to 737 ppm mostly within sheared graphitic argillite.

Holes KC-16-03, KC-16-04, KC-16-06, KC-16-06A and wedges 06AW1 &06AW2 were drilled in Carnegie Township on the border with Kidd Township approximately 2 kilometers north of the Kidd Creek mine site. Holes KC-16-03 & 04 were drilled bearing south to intersect E-W trending geophysical conductors. Both holes intersected ultramafics, mafic fragmental, felsic to intermediated tuffs and exhalite-chert-tuff units. Hole KC-16-03 intersected several Zinc values from 140 to 15,500 ppm (1.5% Zn) (over 1.0 meters) within the exhalite-chert unit. Hole KC-16-04 was drilled to intersect the exhalite-chert unit up dip from hole KC-16-03. Hole 04 intersected ultramafics, intermediate tuffs, mafic fragmental, lapilli tuff and mafic pillowed flows. Several anomalous Zinc values were intersected, the best being 266 ppm. Hole KC-16-06 was drilled from the east to intersect the exhalite-chert unit down dip from hole KC-16-03. Hole KC-16-06A and its wedges 06AW1 & 06AW2 were completed to 1101 meters and intersected ultramafics and cherty tuffs. More importantly, hole-wedge KC-16-06AW2 intersected parts of the exhalite-chert unit down dip of KC-16-03 with several anomalous Zinc values from 114 to 4024 ppm.

The 2016 Kidd-Carnegie drill program was successful in that it intersected many of the ore bearing lithological units and marker horizons as within the Kidd Creek Mine. As well, the intersection of 4024 & 15,500 ppm Zn (over 1.1 & 1.0 meters respectively) within cherty tuffs and cherty-exhalite was very encouraging and suggests that both claim blocks may host a Kidd Creek Style Copper- Zinc deposit.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased and encouraged by these preliminary drill results. The presence of exhalite-chert unit in two of the holes is very significant in terms of exploration. Generally exhalite-chert is proximal to a VMS deposit. This is the first time in our 10 years of exploration around the Kidd Creek mine site that exhalite-chert has been intersected. Explor plans on conducting in the near future a down hole geophysical survey that will see a 200 meter radius around the hole in order to further refine our diamond drilling. We expect to be able to wedge into any targets that are found.”

Explor believes in the “Cluster Effect of VMS (Volcanogenic Massive Sulfide) Deposits”. Well known examples of the cluster effect of VMS Deposits are the Bathurst Mining Camp where 47 deposits have been found to date, including the Brunswick No.12 and the Brunswick No.6 Mines where more than 130,000,000 tonnes of Base Metal Ore has been produced to date; and the Noranda Mining Camp where 18 deposits have been found to date, with 68,100,000 tons of Base Metal Production from the Horne Mine and Quemont Deposits alone. The Glencore Kidd Creek Mine located to the South-west of the property has produced 152,600,000 tonnes of Base Metal Ore (Cu-Zn-Pb-Ag) since it began production in 1966. The presence of Mafic and Felsic rocks on the Kidd Township Properties with anomalous zinc and copper supports the opinion that additional VMS Deposits exist in the immediate vicinity of the Glencore Kidd Creek Mine.

Chris Dupont, P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:
Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

A map is available at the following address: http://media3.marketwire.com/docs/161011_EXS_MAP.pdf

Explor Resources Inc.
Christian Dupont
President
819-797-6050
888-997-4630 or 819-797-4630
[email protected]
www.explorresources.com

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Pacific North West Capital Corp. Commences Drilling at their River Valley PGM Project near Sudbury

Posted by AGORACOM-JC at 9:06 AM on Tuesday, October 11th, 2016

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  • Drilling commenced on T2 Target at the north end of the River Valley PGM deposit
  • Follow-up to Discovery of High-Grade, Near-Surface Mineralization at T2 in 2015
  • Other similar targets Under Evaluation for Drilling in 2017
  • PFN’s River Valley Project consists of a Primary Platinum Metal Deposit
  • 2.5 Moz Platinum Metals in Near-Surface Measured and Indicated Resources
  • Within 100 road-kms of Sudbury, with Strong Infrastructure and Community Support
  • Strategic Partner sought for River Valley
  • 100%-owned Lithium Division, with Exploration Projects in Manitoba and Nevada
  • Summer/Fall Surface Exploration Programs in Progress

Vancouver, British Columbia / October 11, 2016 – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN OTCQB: PAWEF FSE: P7J) is very pleased to announce; Drilling Has Commenced, at their 100% owned River Valley Platinum Metals Group (PGM) Project, near Sudbury Ontario. In the next few weeks, PFN plans to complete up to 1100 metres of Diamond Drilling, on their High Grade T2 Target, in the north part of the 16 km long River Valley PGM Deposit.

The Drilling is planned to Test Extensions of the High-Grade Mineralization, intersected in Previous Drilling, between the Dana North Zone, to the west and the Pardo Zone to the east (Figure 1). Previous Drilling intersected Thick Intervals of High-Grade Mineralization (see PFN press release: March 11, 2015) Immediately Adjacent to the Dana North Zone. The Mineralization appears to be Open to Expansion, by Drilling along the strike, for up to 2 km, between Dana North and Pardo, and the up-dip and down-dip of the previous intersections.

The Current Plan is to Drill 4 Holes (Figure 2). The 1st Hole will be Drilled on the same section as the previous two holes, to Expand the Mineralization up-dip, toward the surface. The 2nd and 3rd Holes will be drilled on the next section, to the east, to Expand the Mineralization, 50 metres along the strike. The 4th Hole will be drilled 200 metres along the strike, to test for the presence of Favourable Geology and High-Grade Mineralization. Pending successful Drill Results, 6 Additional Holes are planned for Drilling, at T2, in early 2017. Numerous additional T2-like targets at River Valley are also under evaluation for Drill Testing in 2017.

PFN contracted Jacob Samuel Drilling Ltd., of Sudbury, to provide a Diamond Core Drill Rig. The Drill Program is being carried out with financial support from the Junior Exploration Assistance Program (JEAP Project 16011) (see PFN press release: June 6, 2016).

“We are extremely pleased to commence our T2 Target Drill Program for 2016” said Mr. Harry Barr, Chairman & CEO of PFN. “We have been looking forward to Drilling these follow-up holes, since the Discovery of T2, in early 2015. The Presence of a New High-Grade, Near-Surface, Mineralized Zone, adjacent to the access road, could significantly impact the Development Potential of our 100% owned River Valley PGM Project”.


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(Figure 1). Geological Map, showing the Location of the T2 Target, on PFN’s 100% owned River Valley PGM Project. The T2 Target is situated between the Dana North Zone to the west and the Pardon Zone to the east, at the north end of the River Valley Project. Note that the distance between Dana North and Pardo is approximately 2 km and vastly underexplored.


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(Figure 2). Plan View of 3D models of the T2 Target Feature, which is situated about 100 metres below surface, to the east of the Dana North Zone. Holes T2-16-03 to T2-16-06 will be Drilled in the Current Program. Holes T2-15-01 and T2-15-02, the Discovery Holes, were Previously Drilled in 2015.

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans for River Valley are outlined below as follows:

    • –PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
    • –Completed Exploration and Development Programs, on the River Valley Property:
    • –Include more than 600 Holes Drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies
    • –Results for the Current (2012) Mineral Resource Estimate are below
    • –2015 Drill Program Confirms New High Grade T2 Discovery
    • –Exploration and Development Plans outlined for 2016
    • –Ongoing Strategic Partner Search for River Valley Project
    • –Results for the current Mineral Resource Estimate are summarized below:

-Prepared by Tetra Tech (Wardrop)

-High Confidence: Measured plus Indicated = 72% of total

-Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals

-Pd to Pt Ratio = 2.5:1; Cu to Ni Ratio = 3:1

-High Grade Potential: particularly in the north part of the River Valley Deposit

-Resources under Evaluation for Development Potential as Open Pit Mining Operation


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    • –Results for the 2015 Discovery Drill Program on the T2 Target are as follows:

-Drill Hole intercepts Much Higher than the average grade, of the Current Mineral Resource Estimate

-Possible New Mineralized Zone at the north end of the River Valley Deposit

-Shows Potential to take the River Valley PGM Project in a New Direction

-More Drilling Planned


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    • –Exploration and Development Plans for 2016

-Mineral Prospecting and Geological Mapping on Surface: In Progress

-Drill Programs targeted to add More, Higher Grade: Drilling Underway; October, 2016

-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

-Ongoing Strategic Partner Search for River Valley

Map showing the location of River Valley PGM Project relative to the City of Sudbury.

About PFN’s Lithium Division

The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this New Division Will Explore, for the Minerals needed to Fuel the Demand for Energy Storage and other Core 21st Century Technologies.

The Company has a Growing Portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project acquired by the Company (see PFN News Releases: April 25th, 2016 and May 9th, 2016). The Company also has several Hard Rock Lithium Projects in Canada: To date the Company has Acquired 5 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba (see PFN News Releases: April 21st, 2016; May24th, 2016; June 15th, 2016; July 5th, 2016 and July 21st, 2016). This Pegmatite Field hosts the Giant Tanco Pegmatite Mine, which has been mined for Tantalum, Cesium and Spodumene (one of the Primary Lithium Ore Minerals) in varying capacities, since 1969. Today, the Tanco Mine is Focused on the Mining and Production of Cesium Formate, a drilling fluid for the petroleum industry. PFN’s Li Projects are strategically situated, to further Explore this Pegmatite Field. Presently, the Company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.

Lithium and Platinum Group Metal Prices have improved drastically, in recent months. Lithium Supplies Remain in Deficit, Relative to their Demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever increasing demand for batteries, in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.


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PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine


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Figure 1: Company Claim Blocks, in the Clayton Valley Area of Nevada

(Figure 1 is a Company-made composite and not intended for redistribution. The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project).

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine Processing Operations. The mine has been in operation since 1967 and remains the only Brine-Based Lithium Producer in North America. The New Project Acquisition in Nevada provides the Company a Project, in an area that is well known for its Lithium Carbonate Production. Clayton Valley is a centralized location in Nevada, with Highway Access, Power Infrastructure, Water and Local Labour.

The Company’s New Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-Ion battery production capacity of 35 gigawatt-hours per year, by 2020. The CV West Li Project is located approximately 3 hours north of the Faraday Electric Car Factory, to be operated in Las Vegas, Nevada.

Clayton Valley is one of the few locations globally, known to contain Commercial-Grade Lithium-Enriched Brines.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

TSXV: PFN OTCQB: PAWEF FSE: P7J
www.PFNCapital.com [email protected]
Tel: +1-604-685-1870 Toll Free: 1-800-667-1870

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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INTERVIEW: PFN (PFN:TSXV) At the Forefront of PGM and Lithium Exploration $PFN.ca

Posted by AGORACOM-JC at 9:01 AM on Tuesday, October 11th, 2016

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

  • 2.5 Moz PGM, in Measured plus Indicated Mineral Resources
  • PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  • Includes more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies
  • Drill Program confirms New High Grade T2 Discovery
  • Ongoing Strategic Partner Search for River Valley Project

Results for the current Mineral Resource Estimate are summarized below:

  • High Confidence: Measured plus Indicated = 72% of total
  • Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals
  • Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1
  • High Grade Potential: particularly in the north part of the River Valley Deposit
  • Resources under Evaluation for Development Potential as Open Pit Mining Operation

The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine

Hub On AGORACOM / Corporate Profile / Watch Interview

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Namaste Announces New Agreements With PAX Labs and Firefly Vapor $N.ca

Posted by AGORACOM-JC at 8:58 AM on Tuesday, October 11th, 2016

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  • Agreements with PAX and Firefly approve Namaste to sell their products in North America and over 20 countries internationally
  • Namaste is the only company in the world to receive international rights from these companies
  • PAX and Firefly are two of the most innovative manufacturers of portable vaporizers and carry two of the most sought after products on the market

VANCOUVER, BRITISH COLUMBIA–(Oct. 11, 2016) – Namaste Technologies Inc. (“Namaste” or “Company”) (CSE:N)(FRANKFURT:M5BQ) is pleased to announce two new agreements with industry leading manufacturers, PAX Labs (“PAX”) and Firefly Vapor (“Firefly”). The agreements with PAX and Firefly approve Namaste to sell their products in North America and over 20 countries internationally. Namaste is the only company in the world to receive international rights from these companies.

PAX and Firefly are two of the most innovative manufacturers of portable vaporizers and carry two of the most sought after products on the market. As the Company prepares for the holiday season, the most productive period of the year for vaporizer and accessory sales, these expanded relationships position Namaste for what is anticipated to be considerable e-commerce traffic and sales generation. Provided to a select number of companies in the industry, these contracts were awarded based on Namaste’s leading position in the e-commerce market segment with the anticipated closing of the URT1 acquisition in the coming week, international exposure, and strong logistics networks and customer service standards.

Sean Dollinger, President and CEO of Namaste, comments: “These agreements with PAX and Firefly represent major commercial steps forward for Namaste and further display our expanding market position as the leading e-commerce seller of vaporizers and accessories globally. Both these companies set the standard for excellence and innovation in the industry and we anticipate strong demand for these products through our e-commerce platforms. Our team has worked extensively with each of these companies to secure the ability to offer these products in North American and overseas. I would like to thank each of these companies for their support and the faith they have in Namaste to successfully carry their brands.”

About PAX Labs

Founded by two Stanford Design Program graduates, San Francisco-based PAX was developed with the mission of making smoking obsolete. The company creates superior, beautiful and technologically advanced products that push the boundaries of vaporization. PAX is the manufacturer of the PAX 2, which is the best-selling portable dry herb vaporizer in the world. PAX recently announced the release of the PAX 3, an updated version of the PAX 2 that is compatible with waxes and essential oils, features medical-grade materials, built-in rechargeable battery that powers four heating temperatures, and a mobile application to customize the unit features.

About Firefly Vapor

Mark Williams and Sasha Robinson founded Firefly Vapor in 2012 with the singular goal of enhancing people’s lives by creating the very best vaporizers in the world. Their first product, the Firefly, immediately earned praises from the likes of Wired Magazine and the New York Times as well as vape experts and connoisseurs. Firefly is the manufacturer of the Firefly 2, an innovative vaporizer that offers best in class performance. The Firefly 2 is enhanced with multiple new technologies including a smart-phone application to control various temperature and user profiles, touch sensors to activate the heating element, light weight construction and heating components that bring the device to temperature in only 3 seconds.

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors

Sean Dollinger, Chief Executive Officer

Further information on the Company and its products can be accessed through the link below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.co.uk

www.vaporseller.com

FORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors 5 discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.

Namaste Technologies Inc.
Sean Dollinger
Chief Executive Officer
Direct: +1 (786) 389 9771
[email protected]
www.namastetechnologies.com

 

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VGambling Inc. Files 10K Annual Report; Moves Forward With Casino Offer, Investment Banking and Investor Relations $GMBL

Posted by AGORACOM-JC at 12:50 PM on Monday, October 10th, 2016

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  • The Company has made an offer to purchase the Grand Princess Casino in Antigua.
  • 3-story, 62,000 sq ft Grand Princess Casino will not be operated as a traditional casino.
  • Hosting more than 1,500 spectators as they watch live major eSports events on the main floor while the events are broadcast globally on multiple video streaming platforms, as well as, provide up to 200 visitors with the opportunity to participate in video game tournaments on the second floor, all under the eSports Coliseum brand.
  • The Company has engaged California based Monarch Bay Securities, LLC as the Company’s exclusive placement agent for one or more offerings of the Company’s securities

ST. MARY’S, ANTIGUA–(Oct 10, 2016) – VGambling Inc. (OTCQB: GMBL) (or the “Company”), a next generation online gambling company specifically focused on eSports, has recently filed its 10K Annual Report for the year ending June 30, 2016 with the United States Securities and Exchange Commission.

10K Highlights:

  • The Company has made an offer to purchase the Grand Princess Casino in Antigua. The 3-story, 62,000 sq ft Grand Princess Casino will not be operated as a traditional casino. Rather, it will host more than 1,500 spectators as they watch live major eSports events on the main floor while the events are broadcast globally on multiple video streaming platforms, as well as, provide up to 200 visitors with the opportunity to participate in video game tournaments on the second floor, all under the eSports Coliseum brand.
  • The Company has engaged California based Monarch Bay Securities, LLC as the Company’s exclusive placement agent for one or more offerings of the Company’s securities
  • The Company has retained the services of AGORACOM Investor Relations (http://www.agoracom.com) to provide online investor relations services.

“The last year has been exciting and productive, and we will continue to execute our business plan with the goal of becoming a leader in the eSports wagering sector,” said Grant Johnson, CEO of VGambling. “We are especially excited about moving forward with the acquisition of the Grand Princess Casino in Antigua and executing our plan to convert it into the largest dedicated eSports facility in the world, ideally positioned in Caribbean to attract eSports enthusiasts from around the world.”

For more information on VGambling, please contact VGambling.

About VGambling Inc.

VGambling Inc. is a next generation online gambling company specifically focused on eSports. VGambling intends to offer wagering on eSports events on a fully licensed, regulated and secured platform to the global eSports audience, excluding the United States. In addition, VGambling intends to offer users from around the world the ability to participate in multi-player video games tournaments online for cash prizes. VGambling is led by a team of industry and technical experts from the online gambling and video game industries, e-Sports, marketing, legal and financial professionals. The Company maintains offices in St. Mary’s, Antigua and Barbuda. VGambling is currently developing several play money websites and their real money wagering website. VGambling common stock is listed on the OTCQB under the symbol GMBL. For more information, please see www.vgambling.net

Contact:
Grant Johnson
Chief Executive Officer
Tel. +1-905-580-2978
[email protected]

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WEEKEND FEATURE: PFN (PFN:TSXV) At the Forefront of PGM and Lithium Exploration $PFN.ca

Posted by AGORACOM-JC at 12:13 PM on Friday, October 7th, 2016

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

  • 2.5 Moz PGM, in Measured plus Indicated Mineral Resources
  • PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  • More than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies
  • Drill Program confirms New High Grade T2 Discovery
  • Ongoing Strategic Partner Search for River Valley Project

Results for the current Mineral Resource Estimate are summarized below:

  • High Confidence: Measured plus Indicated = 72% of total
  • Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals
  • Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1
  • High Grade Potential: particularly in the north part of the River Valley Deposit
  • Resources under Evaluation for Development Potential as Open Pit Mining Operation

The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

     

PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine

    

Hub On AGORACOM / Corporate Profile / Watch Interview

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Tetra Bio-Pharma Secures 2M Dollar Equity Facility from New York Private Equity $TBP.ca

Posted by AGORACOM-JC at 8:47 AM on Friday, October 7th, 2016

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  • Entered into a non-binding agreement for a draw-down equity facility of up to $2,000,0000
  • Each Offering will occur exclusively at the option of the Company, throughout the 18-month term of the agreement

OTTAWA, ONTARIO–(Oct. 7, 2016) – Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (CSE:TBP)(CSE:TBP.CN)(OTCQB:GRP0F) is pleased to announce that, on October 5, 2016, the Company entered into a non-binding agreement for a draw-down equity facility of up to $2,000,0000. Each Offering will occur exclusively at the option of the Company, throughout the 18-month term of the agreement.

The agreement provides for equity private placement offerings, to be conducted between Tetra and Alumina Partners LLC (“Alumina Partners“), a New York-based private equity firm.

Pursuant to the terms of the Offerings, Alumina Partners will commit to purchase up to $2,000,0000 of units of the Company (the “Units”), consisting of one common share (the “Shares”) and one common share purchase warrant (the “Warrants”). The placement will be at a discount of 20% of the market price of the Shares. The exercise price of the Warrants will be at a 25% premium over the market price of the Shares. The closing of the transaction is anticipated later this month.

“We are very pleased to be entering into this agreement with Alumina Partners. The purpose of the Offerings is to provide the Company with working capital to fund various projects as deemed necessary by the Board of Directors of the Company“, commented Andre Rancourt, Interim Chief Executive Officer.

“Alumina is excited to continue investing in the Canadian regulated cannabis industry, and looks forward very much to seeing the kind of innovative applied biotherapeutics and endocannabinoid-mediated agents that have yet to be discovered or even imagined, and that pioneers like Tetra Bio-Pharma will take the lead in exploring,” said Adi Nahmani, Managing Member of Alumina Partners LLC.

The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.

Forward-looking statements

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Tetra Bio-Pharma Inc.
Dr. Guy Chamberland
Chief Scientific Officer
514-220-9225

Tetra Bio-Pharma Inc.
Andre Audet
Executive Chairman
613-421-8402

Tetra Bio-Pharma Inc.
Ryan Brown
President, Grow Pros MMP
613-421-8402

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Finore Mining to Acquire 100% interest in Panther Creek Cobalt Property, Idaho, Changes Name to Hybrid Minerals Corp. $FIN.ca

Posted by AGORACOM-JC at 10:44 PM on Thursday, October 6th, 2016

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  • Signed a Definitive Agreement with Utah Mineral Resources LLC to acquire 100% interest on the Panther Creek Cobalt property, East-Central Idaho
  • Located in the heart of the Idaho cobalt belt, home to the Salmon Canyon and Iron Creek Deposits
  • Road accessible
  • Consists of 50 lode mining claims with a total area of 1000 acres located in Lemhi County

Vancouver, B.C. / October 6, 2016 – FINORE MINING INC. (CSE: FIN; OTCQX: FNREF) (the “Company” or “Finore”) -announces that the Company signed a Definitive Agreement with Utah Mineral Resources LLC (“UMR”) to acquire 100% interest on the Panther Creek Cobalt (“Co”) property, East-Central Idaho.

The Panther Creek Cobalt Property (“the Property”) is located in the heart of the Idaho cobalt belt which is home to the Salmon Canyon and Iron Creek Deposits. The property is road accessible and located 26 miles west of the Salmon, East-Central Idaho. The property consists of 50 lode mining claims with a total area of 1000 acres located in Lemhi County.

The Property is well located within the vicinity of the Blackbird copper-cobalt Mine in the famous Blackbird District. The copper-cobalt mineralization is hosted in the micaceous quartzites of the Apple Creek Formation of the well-known Idaho Cobalt Belt. A historic mine adit on the property was channel sampled by US Geological Survey and returned 1.04% cobalt and 4.14% copper across 10 feet or 3.04 metres (Re: US Geol. Surv. Open File Report 98-478). Extensive exploration consisting of detailed geological mapping emphasizing stratigraphy and structure, systematic geochemical soil sampling and trenching is required to confirm the historical result as this does not conform to the NI 43-101 rules and regulations.

Idaho cobalt belt

The Idaho cobalt belt trends northwest-southeast for nearly 60 km in east-central Idaho (Fig. 1). Included within this belt are numerous historic mines and prospects of the centrally located Blackbird district, the Salmon Canyon deposit at the northwest end, and deposits of the Iron Creek area at the southeast end (U.S. Geological Survey, 2010). The Idaho cobalt belt is important nationally because it contains the largest known cobalt resources in the United States (Slack et al., 2012). Ecobalt Solutions Inc. is developing the Idaho Cobalt Project, located in the Blackbird district. Ecobalt completed a Preliminary Economic Assessment with a measured and indicated resource of 3.48 million tonnes grading 0.55% Co and 0.85% Cu.

History and production

Production in the Blackbird district began in 1917 following initial discovery of the sulfide deposits in 1893. Minor Co was produced from 1917 to 1920 at the Haynes-Stellite Mine (Bennett, 1977). Major production began in 1949 and continued intermittently to 1960 at the Blackbird (Uncle Sam) underground mine and the Blacktail open pit, which together yielded ca. 5 Mt of ore averaging 1.5 wt % Cu and 0.6 wt % Co.

The location of the Idaho Cobalt Belt with the historic mines and occurrences is shown in the figures below. The Panther Creek prospect is located in the Blackbird district.


Click Image To View Full Size

Map of central Idaho showing location of mineral deposits (modified, Lund, et al, 2011. Econ Geol. v.106) Dot overlay shows location of Idaho cobalt belt. Index map is (upper right) shows location of Late Cretaceous Idaho batholith relative to area of this figure. Numbers refer to important named mines and prospects: 1 = Yellowjacket mine, 2 = Salmon Canyon copper mine, 3 = more than 40 deposits of the Blackbird district including the Panther Creek property, 4 = Musgrove prospect, 5 = Blackpine mine, 6 = Iron Creek prospect, 7 = Spring Creek deposits, 8 = Shoup area mines, 9 = Pine Creek mines, 10 = Diamond Creek mines, 11 = Copper King mine, 12 = Pope Shenon mine, 13 = Woods Creek deposit, 14 = McConn Creek deposit, 15 = Ulysses mine, 16 = Lemhi Pass thorite mines and prospects, 17 = Copper Queen Mine


Click Image To View Full Size


Click Image To View Full Size

FIG. 2. Generalized geologic map of the Blackbird district showing strata-bound and discordant mineral deposits ((Slack, 2012. Econ.Geol. v.107).

Why Cobalt?

The Board of Directors are looking forward to be exploring for Cobalt in the well-known Idaho Cobalt Belt. Cobalt is considered to be a metal of the future with growing demand in technology, health and energy industries. The main components of electric vehicle motors and many rechargeable Lithium-ion batteries, contain as much as 60% cobalt. A sustained cobalt price growth could occur over the next few years as battery demand grows, driven by electric car battery market expansion in line with demand for low emission vehicles

Consideration for the Property:

To acquire 100% of the Panther Creek Cobalt Property, the Company will:

Fund and incur Exploration Expenditures of $375,000 over an Earn-In-Period of three (3.) years from the date of signature of the Option Agreement.

-on or before the first anniversary of the Execution Date: $ 75,000 (seventy five thousand dollars)

-on or before the second anniversary of the Execution Date: $ 100,000 (one hundred thousand Dollars.

-on or before the third anniversary of the Execution Date: $ 200,000 (one hundred thousand Dollars).

In addition to incurring the above Exploration Expenditures, Finore will pay UMR each of the following option premium amounts during the Earn-In Period in cash or shares in the Company

.

-on the Execution Date: $ 25,000 within 14 days of Exchange Acceptance and issue to UMR a total of 3,500,000 common shares of Finore at a deemed value of $0.05 per share;

-on or before the first anniversary of the Execution Date: the sum of $ 150,000 or the equal value in common shares of Finore; and

-on or before the second anniversary of the Execution Date: the sum of $ 150,000 the equal value in common shares of Finore.

-In the event that proven and probable mineral resources for the purposes of NI 43-101, of at least of 4 million tonnes grading a minimum 0.25% Co is determined on the Property by Finore or before the 5 year anniversary of the Effective Date, Finore shall issue to UMR an additional 2,000,000 common shares in the capital of Finore.

Name Change

The Company is planning to apply to regulatory authorities for a name change to Hybrid Minerals Corp.

Private Placement:

The Company also announces that it will conduct a non-brokered private placement of up to 20,000,000 units (the “Units”) at a price of $0.10 per Unit to raise total gross proceeds of up to $2,000,000. Each Unit will consist of one common share of the Company (a “Share”) and one half (1/2) transferable common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable to acquire one additional Share for a period of two (2) years from the closing of the Private Placement at an exercise price of $0.25 per share. In the event that the common shares of the Company trade at a closing price in excess of $0.20 per share for a period of 10 consecutive trading days at any time after four months past the closing date, the Company will accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case, the warrants will expire on the 30th day after the date on which such notice is given by the Company.

The net proceeds from the Offering will be used for the option payments and first year work program on the Panther Creek Property, general working capital, clearing outstanding payables and for evaluating other green metal properties.

The non-brokered private placement is subject to the completion and execution of appropriate documentation, acceptance for filing by the Canadian Securities Exchange and receipt of any required regulatory approvals.

Mohan R. Vulimiri, M.Sc., P.Geo, Director of Finore, is a Qualified Person as defined by NI 43-101. Mr. Vulimiri has approved the corporate and technical content contained in this press release

On behalf of the board of directors of Finore Mining Inc.,

“Peter Tegart”

Peter Tegart

President & CEO

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.

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